Looking to diversify beyond ERET? The ETFs below have historically moved differently from ERET, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ERET
712 ETFs have low correlation with ERET (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.32 | — | 56 | Leveraged Currency | ERET vs YCS | |
| Invesco DB Energy Fund | -0.26 | -0.13 | — | 72 | Oil & Gas | ERET vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.11 | — | 52 | Oil & Gas | ERET vs BNO | |
| United States Oil Fund LP | -0.24 | -0.11 | — | 55 | Oil & Gas | ERET vs USO | |
| Invesco DB Oil Fund | -0.24 | -0.10 | — | 58 | Oil & Gas | ERET vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ERET, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.54, roughly unchanged from 0.59 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.54 | 0.59 | — | 89 | Real Estate | |
| EPR Properties | 0.55 | 0.65 | — | 69 | Real Estate |
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